This is officially a Bull Market now

[dumpandbasher]

Friday's low on the Dow was 7773. Closed today at 9389. That's a 21% gain, which is a bull market, by definition.

 

[zwib]

This seems like too much too fast. Over 11% up in 1 day?

 

[cszulc]

I agree this was an unexpected day. I thought we'd be up, but not by 10%+.

With all the nay-sayers saying we'll probably be down tomorrow, I wouldn't be surprised if we ended up another 10% (although unlikely).

 

[cmdtytrdr]

Quote from dumpandbasher:

Friday's low on the Dow was 7773. Closed today at 9389. That's a 21% gain, which is a bull market, by definition.

slow down. i told everyone to buy on thursday and friday. we have indeed made huge rallies since then, but this is no bull market. we have some room left on the upside - another 5-12% after that, i'd be selling everything. the problems are still very bad, this looks more like a crazy dead cat bounce, but it's still got some legs.

enjoy it while it lasts, b/c it probably won't last alot longer.

 

[TraderZones]

Quote from dumpandbasher:

Friday's low on the Dow was 7773. Closed today at 9389. That's a 21% gain, which is a bull market, by definition.

No, its NOT a bull market. 1 day has zero meaning. We are in historic volatility. There is no guarantee that next week won't be DOWN 15%

 

[scalper132]

Don't buy into this Fluff day for a second, Staying short, economy and wallets are hurting!

 

[jackangel]

maybe it's time to change the definition.

 

[snowhite]

i will stay out of this deadcat.

 

[Steelhead]

i got ran over, burned , tortured and left for dead
shorting and adding to losers the last 2 hours

its one thing to fight it but another to lose your discipline

tomorrow is another day

 

[Cutten]

Quote from dumpandbasher:

Friday's low on the Dow was 7773. Closed today at 9389. That's a 21% gain, which is a bull market, by definition.

1 day bull market, that's gotta be the fastest ever.